The new government line-up of PM designate Plamen Oresharski won a weak but expected parliamentary vote on May 29. Bulgaria's economy expanded by 0.4% year on year in real terms in the first quarter of 2013. In April, annual CPI inflation decelerated, while PPI dropped year on year, marking a first annual decline since December 2009.
Retail sales rose year on year in April, while industrial production registered negative annual growth in this month. In addition, the country’s overall business climate indicator fell both year on year and month on month in May.
Bulgaria's unemployment rate, measured in terms of registrations with the state labour agency, fell to 11.2% in May 2013 from 11.6% the month before.
Bulgaria's general government budget posted a BGN 509mn (EUR 260mn) surplus in April 2013, as a result of which the ytd budget gap contracted to BGN 286mn.
Bulgaria's current account deficit narrowed 25% year on year to EUR 421mn in Q1 2013 on the back of strong exports.
Retail sales rose year on year in April, while industrial production registered negative annual growth in this month. In addition, the country’s overall business climate indicator fell both year on year and month on month in May.
Bulgaria's unemployment rate, measured in terms of registrations with the state labour agency, fell to 11.2% in May 2013 from 11.6% the month before.
Bulgaria's general government budget posted a BGN 509mn (EUR 260mn) surplus in April 2013, as a result of which the ytd budget gap contracted to BGN 286mn.
Bulgaria's current account deficit narrowed 25% year on year to EUR 421mn in Q1 2013 on the back of strong exports.
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